joining us is george godber, fund manager at polar capital. good morning, george. what is your take on what is going on in terms of the oil market right now? we have to things at work, one is geopolitical tensions. if there is a conflict that escalates between saudi and iran, the oil market will shoot up, that always does, and that has negative indications the global gdp. what is happening in the global bigger picture is that whilst shale is expanding at rate of knots, there are massive areas of underinvestment around the world, venezuela particularly where the economy has been driven into the ground, biggest oil reserves in the world, but also nigeria, libya, big output outages, so nigeria, libya, big output outages, so the supply of oil globally is tight at the moment and that pushes up tight at the moment and that pushes up prices. the resource expectation that perhaps iran could see new sanctions imposed again if president trump was to rip up that nuclear deal that was brokered by president obama, but just quickly deal that was brokered by president obama, butj